Fidelis Capital Partners LLC Has $470,000 Holdings in Roper Technologies, Inc. (NYSE:ROP)

Fidelis Capital Partners LLC boosted its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 862 shares of the industrial products company’s stock after purchasing an additional 24 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Roper Technologies were worth $470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OFI Invest Asset Management bought a new position in Roper Technologies in the third quarter valued at about $25,000. Altshuler Shaham Ltd bought a new position in Roper Technologies in the third quarter valued at about $27,000. Independence Bank of Kentucky bought a new position in Roper Technologies in the fourth quarter valued at about $31,000. Lee Financial Co bought a new position in Roper Technologies in the third quarter valued at about $34,000. Finally, Compass Wealth Management LLC bought a new position in Roper Technologies in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.8 %

Roper Technologies stock traded up $3.99 during trading on Friday, hitting $531.26. 116,328 shares of the company were exchanged, compared to its average volume of 490,181. The business’s 50 day moving average is $545.95 and its 200 day moving average is $531.40. Roper Technologies, Inc. has a 52 week low of $430.03 and a 52 week high of $565.00. The company has a market capitalization of $56.86 billion, a P/E ratio of 31.51, a PEG ratio of 2.77 and a beta of 0.99. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.92 EPS. Analysts predict that Roper Technologies, Inc. will post 18.07 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ROP shares. Wells Fargo & Company lifted their target price on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Mizuho boosted their price target on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. TD Cowen cut Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a report on Thursday, January 4th. Raymond James boosted their price target on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada boosted their price target on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $574.58.

Insider Buying and Selling at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.